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20121116
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to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. chris: but john boehner is holding firm against one of the president's main campaign pledges. >> everyone wants to get our economy moving again, everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. chris: in your book, the price of politics, a heck of a book. you talk about how debt negotiations fell apart the last time, we tried it in the summer of 2011. will the speaker, we just saw, have the strength to lead his party even if he has to fight for the tea party? >> their camouflage is tax reform and they're going to do that over time. so the rates could come down. the really interesting thing is when you examine the detail of this, last year they were close. they actually could have worked out some agreement and it blew up because of the president asking for more revenue and that was the limit for them. i think it is a moment of necessity to a certain extent. they can't avoid this now. chris: reporting challeng
avoiding the so-called fiscal cliff. last night house speaker john boehner said he's optimistic about an agreement telling abc's diane sawer he's the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory was sweet. now comes the hard part. >> on january 21st, 2013, there's going to be a massive fiscal cliff. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax heights and spending cuts that congress agreed to to force themselves into a compromise but so far they haven't agreed on anything so barring a last-minute fix at the stroke of midnight on new year's eve the tax cuts expire, alternative minimu
, john boehner making public comments and neither one sounding like a compromise is anywhere -- >> well, the tone is certainly nicer than what we've heard, right? the president saying i'm not wedded to any one aspect of this. i'm open to compromise and new ideas. what i heard the president say and talking to white house officials, he certainly feels like this election gave him a victory on his point of view about taxes. he wants wealthier americans to pay more. he wants that balanced approached and he wants to drive a hard bargain on that piece of it. i would look for this to happen in some stages. avoid going off that fiscal cliff and spending cuts and tax increases by the end of the year and maybe take an initial stab at tax reform and maybe this happens in bits and pieces. >> talk to senator schumer and coburn and reaction to the petraeus resignation and more on what the republican party does in the future now after this loss. >> david gregory of "meet the press" thank you. >> it airs at 10:30 sunday morning here on nbc 4. >>> leon panetta says the military did all it could to respon
house speaker john boehner both laid out ideas to avert the so-called fiscal cliff. tax increases and spending cuts are due to hit in january, but today it seemed the two leaders and the bipartisan deal are still worlds apart. steve handelsman is on capitol hill with more on that. steve? >> you got it right. this is a restart of a high-stakes negotiation between those two men. the president and the speaker. the problem is beginning today where they left off, which is far apart. in a speech at the white house, president obama claimed the election proved most americans agree with his plan. that he calls balanced. cutting spending and hiking taxes to avoid the fiscal cliff. he said he's flexible -- >> but i refuse to accept any approach that isn't balanced. i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. >> reporter: he's calling in members of congress for fiscal cliff meetings next week. but the main republican negotiator, again, will be speaker joh
collins, news 4. >>> today president obama and republican house speaker john boehner both laid out ideas to avert the so-called fiscal cliff next year. and it seems clear the two leaders and a bipartisan deal are still worlds apart. keith russell is in our newsroom with more on this high-stakes battle. keith? >> wendy, president obama's first remarks since being re-elected that he and congress have no choice. reach an agreement before the end of the year or taxes will go up for everyone, which could mean another recession. that's a deadline that's looming and the so-called fiscal cliff. in a speech at the white house today, the president said he's open toioids, as long as the wealthiest realize they have to do their part. >> i am not going to ask students and seniors and middle class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that. >> reporter: just about two h r hours before president obama spoke, speaker of the house john boehner had his own news conference saying raising the highest r
on the wealthy. and while john boehner hinted ar some taxes going up, he also listed some conditions. >> and it is not like there is a money in social security or medicare, this has to be dealt with, so everything, everything on the revenue side and on the s spending side has to be looked at. >> reporter: now brian, the sid white house says that social security shouldn't be a part of these negotiations. but i can tell you, republicans won't participate if social security is not. >> all right, chuck todd in the white house, thank you. >>> there is a video of president obama getting wide circulation. it shows him tearfully addressing campaign staff at io headquarters in chicago, at the end of a long and grueling campaign. he tells the young staffers they are better than he was at their age. he tells them their experience s will send them on their way for life. >> what you guys have done, the work that i'm doing, i am really proud of that.in i am really proud of all of you. and -- and what you have just done? well, not allowing much time for sentiment or reflection, the president woke
they already agreed to that. i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we heard the mandate in 2010, where i
reason for that wall street trouble, the so called fiscal cliff approaching this morning. john boehner says he and republicans are willing to work with president obama and democrats to reach a deal to avoid sweeping cuts and tack hikes. boehner warns that a deal won't come easily. >> we won't solve the problem of our fiscal imbalance overnight and certainly won't do it in a lame-duck session of congress and it won't be solved by taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manner that serves as a down payment on and a catalyst for major solutions enacted in 2013 to begin to solve the problem. >> speaker boehner says the deal could include new tax revenue to help reduce the national debt. >>> new this morning, we've learned president obama will be making a ground breaking trip in two weeks. an official from the southeast asian country of myanmar says the president will visit on either november 18th or 19th. it will be the first ever visit to that country by a u.s. president. the obama administration is trying to encourage democracy in that country. the pr
of whom voted democratic and half of whom live in hollywood. >> reporter: but house speaker john boehner rejects any hike in tax rates. instead he would close loopholes in the tax code. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: failure to agree by the end of the year would trigger a combination of deep spending cuts and expiring tax cuts. that could mean an estimated $2,000 more in taxes next year for the typical household. the jobless rate soaring to 9.1% by the end of the year. and possibly another recession. boehner and the president were close to a deal last year. the so-called grand bargain. $4 trillion in debt reduction including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from n
. president obama and house speaker john boehner appear to be drawing lines in the sand on that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year if they can't find a compromise. >>> also, it sounds crazy, but apparently it's real. you'll meet some people who are addicted to the internet. >>> and with prices skyrocketing at the super market, we have tips on stretching your dollar and making your groceries last longer. >>> and speaking of money, famous women making it fashionable to recycle outfits. >>> i wore this suit six weeks ago, okay? >> and a poodle mix that was rescued from a trash heat and who is blind. i watched this piece earlier today, it brings tears to your eyes. >>> we begin this morning with the scandal that cost cia director david petraeus his job. good morning to you erica, this stunning news comes on the heels of the president's triumphant reelection. he lead combat forces in iraq and afghanistan and was considered one of the top leaders of his generation. sources say his reputation was sterling. he was known for putting count
for the middle class. house speaker john boehner says higher tax cuts on the wealthy will slow job growth. experts say compromise may not be reached until the final hours of this year. >>> plans are in the works to prepare pennsylvania avenue for the inauguration. this morning the d.c. department of transportation announced repaving will begin tonight and last ten days. that project will take place during the overnight hour. then affect pennsylvania avenue between third and 14th streets. it will cost about $2 million. the inaugural parade will be held on january 21st. >>> it felt like january out there this morning. the temperatures dipping enough to create some sleet. >> kind of wild for a time. doug kammerer is in the weather center with more on what we can expect next. doug? >> we heard so much from this. yes, we saw sleet. that is frozen rain drops that come down. sleet is what will bounce on your car, freezing rain is what will fall as rain and then freeze on your car. once again, fits bouncing, it is sleet. that's what we had out there. you can see the radar picture showing the rain
on your jobs, not ours. >> reporter: the president and house speaker john boehner each are drawing a line in the sand over letting the bush era tax cuts expire for americans making more than $250,000 a year. >> instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. >> reporter: the speaker wants a tax overhaul that raises money by cutting loopholes. if they can't hammer out a spending deal by year's end, the nation goes over the so-called fiscal cliff. taxes go up for everyone. an average of almost $3,500 per household. and there will be deep automatic spending cuts in both domestic spending that could hobble the economy. they want the president to address the real problem. >> and the real problem is uncontrolled entitlement spending, and the government that has grown massively. >> reporter: democrats say republicans are going to have to compromise. just like the president and his party did after getting walloped in the 2010 elections. >> we cut $900 billion in spending that we didn't like, painful
. and he was reelected by, you know, in a significant way. >> reporter: house speaker republican john boehner seemed to signal he gets that. >> we're willing to accept some additional revenues via tax reform. we're willing to accept new revenue under the right conditions. >> reporter: but anti-tax conservatives are jumping in to clarify and warn the speaker not to buckle. >> boehner's position is exactly where it was a year ago, two years ago, four years ago, don't raise taxes, have pro-economic growth policies, and the government will get more revenue, not from higher taxes but from more people working. >> reporter: it sounds like the same old fight. the president hoped the gridlock's been broken by barack obama's reelection. in an associated press exit poll on tuesday, election day, voters nationwide seemed to be buying both parties' arguments about half saying tax the rich more, and about half, and there's yee overlap, let's shrink spending and cut spending. >>> the long line some of us suffered on election day in virginia are now called into question. that state's democratic party
an agreement on a spending plan. house speaker john boehner says he is willing to work with president obama to reach a deal. boehner says this week's election is proof the american people want republicans and democrats to work together for a solution to a crisis that could plunge the country back into a recession. >> the american people have spoken. they've re-elected president obama and they have again re-elected a republican majority in the house of representatives. if there's a mandate in yesterday's results, it's a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. >> boehner says the deal could include new tax revenue to help reduce the national debt. >>> don't be surprised if you've lost a few friends on facebook if you've shared your thoughts on the election on the social networking site. the election is sparking a facebook feud. those posts often offended people with different political believes. some took the dramatic step of unfriending the ranters, and for those not ready to end the friendship over politics, there's alwa
speaker john boehner sort of opened the door to new revenue. conservatives say he wasn't talking about raising taxes. he wasn't talking about growing the economy. so as people earn more, we end up getting more tax revenue from those larger earnings. all of this may not calm wall street because whatever they do between now and the end of the year may be temporary if they continue to work out the big picture. what we do know, the congressional budget office says, if congress does nothing, we could be looking at 9% unemployment next year. >> tracie potts live on capitol hill. tracie, thank you. >>> secretary of state hillary clinton has said she does not plan to stay with the obama administration for his second term. that has sparked a lot of questions about who the president would choose to fill that spot. it appears u.n. ambassador susan rice is emerging as a leading candidate. according to bloomberg news, several white house officials say rice is close to the president and has a similar foreign policy philosophy as the president. senator john kerry and national security adviser tom don
and see with john boehner, he will say one thing vand to reverse course the very next day, and that is the challenge chuck was speaking to >> "the new york times" story points out and some people i have talked to i think he is getting more control and more have talked to i think he is getting mothis country was built by working people. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. i'i invest in what i know.r. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, lar
of the house, john boehner, summoned reporters, gave a formal speech. he used a teleprompter because it was important to get the words right and he had a message to send to the president. kelly o'donnell covers the hill for us, and she is there tonight. kelly, good evening. >> reporter: good evening, brian. quite a conciliatory tone today, and there's new urgency here and we'll all be hearing a lot more of this term fiscal cliff. that is the danger of another recession unless congress acts before the new year. that's when taxes go up as the bush era rates expire, the payroll tax back up to its normal rate after a two-year break, and a big across-the-board unless washington does something about the long-term deficit. today congressional leaders started their public negotiations. >> i want to work together, but i want everyone to also understand you can't push us around. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans but as americans. we want you to lead. >> reporter: there are differenting solutions. democrats say they want higher taxes o
elected us to focus on your jobs. not ours. >> reporter: the president and house speaker john boehner each are drawing a line in the sand over letting the bush era tax cuts expire for americans making more than $250,000 a year. >> instead of raising tax rates on the american people, accepting the damage it will do to our economy, let's start to actually solve the problem. >> reporter: the speaker wants a tax overhaul that raises money by cutti't hammer out a deal by year's end, the nation goes over the so-called fiscal cliff. taxes go up for everyone. an average of almost $3,500 per househo household. republicans say they want the president to address the real problem. >> and the real problem is uncontrolled entitlement spending, and a government that has grown massively. >> reporter: democrats say republicans are going to have to compromise. just like the president and his party did after getting walloped in the 2010 elections. >> we cut $900 billion in spending that we didn't like, painful to us. >> reporter: in washington, a high stakes search for middle ground. the president and the sp
know, in a significant way. >> reporter: house speaker republican john boehner seemed to signal he gets that. >> we're willing to accept some additional revenues via tax reform. we're willing to accept new revenue under the right conditions. >> reporter: but anti-tax conservatives are jumping in to clarify and warn the speaker not to buckle. >> boehner's position is exactly where it was a year ago, two years ago, four years ago. don't raise taxes, have pro-economic growth policies and the government will get more revenue. not from higher taxes, but from more people working. >> reporter: it sounds like the same old fight. democrats hope the gridlock's been broken by barack obama's reelection. but in an associated press exit poll on tuesday, voters nationwide bought both parties' arguments about half saying tax the rich more, shrink government and cut spending. i'm steve handelsman, news4, capitol hill. >>> thanks, steve. how prepared was mitt romney to win the presidency on tuesday? his campaign team had already designed this. a website for his transition. the site was taken down. but it
with speaker john boehner. >> all right. chuck todd at the white house this morning, thanks. john meacham is a pulitzer prize winning historian and author of the new book "thomas jefferson the art of power." good morning. >> thank you, sir. >> tell me about what's going on in washington right now. everyone is saying the right things. president obama said a couple days ago i'm looking forward to reaching out and working with leaders in both parties to meet our challenges. john boehner said we are ready to be led. is this just honeymoon talk or do the american people have reason to believe things might be different in a second term? >> a lot of it's honeymoon talk. this is the natural result. the president wants to appear magnanimous in victory. the speaker, whose party just lost, wants to be clear that practically he understands that the country voted for an incumbent president as opposed to the nominee of his party, so it behooves him at this point to make the right noises. but it's still friday. sometimes bipartisanship in washington is a little like what mark twain said about tom sawyer
. john boehner making comments that they also want to work together. but, again, this is the choice that we have been talking about over the last several months. spending cuts, tax increases. >> we should mention that we're also more renewed fears in europe, the greek debt crisis rearing its ugly head. >> absolutely. it's clear that greece cannot pay its bills. now we're thinking, okay, this is another pressure for the u.s. economy. so we're all waiting on some kind of compromise out of washington as well as some stability in europe. but for sure, we'll probably see some volatility going forward. doesn't really mean much, though, long-term. >> i was going to say, let's get some perspective. there was a huge drop after the president's election four years ago. but over the last four years, wall street has been up. >> that's right. over the long-term, you have to look at fundamentals. and the corporate sector right now is very strong. a lot of cash on the balance sheets, longer term earnings should be okay. but over the near term, expect some choppiness. >> maria, thank you. and i know
that wealthier americans should pay more. john boehner is signaling some room for compromise, but it may be tough over tax rates. the negotiations are going to start and they've got to be intense now if they're going to do something to head off this train wreck that's coming. >> looking back at the election, what can republicans take away from obama's re-election? >> that if they're going to win the white house again, they have to be a bigger party than they are. they are primarily a party of white men. they have lost ground with the changing demographics of the country. the president expanded the coalition of younger people, women, minorities, latinos, republicans have been left behind in that area. and they're going to have to figure out where they go from here if they're really going to expand as a party. >> and on the flip side of things, i know we're only -- we're not even a week away from when the election happened, but are we able to pinpoint how president obama won? >> yeah. he won by expanding his coalition of young people, of minorities, particularly latinos, and women. and he did it ac
Search Results 0 to 22 of about 23 (some duplicates have been removed)